FCT
FCT-IRS Generates ₦252.8 Billion in 2024, Surpasses Revenue Target
The Federal Capital Territory Internal Revenue Service (FCT-IRS) has announced a record-breaking revenue collection of ₦252.8 billion for the 2024 fiscal year, surpassing its ₦250.2 billion target by 19.8%.
The Acting Executive Chairman the Federal Capital Territory Internal Revenue Service, Michael Ango, made the disclosure at an end-of-year briefing in Abuja on Thursday.
He stated that the revenue represents a 19% increase from the previous year’s internally generated revenue of ₦211bn and 101% of the 2024 revenue target of ₦250bn.
He attributed the agency’s success to enhanced collaboration, improved processes, and strategic reforms. He expressed gratitude to President Bola Ahmed Tinubu, FCT Minister Barrister Ezenwo Nyesom Wike, and other stakeholders for their unwavering support in achieving the feat.
“This remarkable performance is a testament to the dedication of our staff, the FCT Administration, and the cooperation of various government agencies. Together, we have laid the foundation for sustainable revenue growth, which is critical to the transformation of the FCT,” he stated.
He explained that ser ice implemented several initiatives in 2024 to enhance revenue collection, including Organisational Restructuring through the Creation of new departments such as Audit, Debt Management, Enforcement, and a High Net Worth Individuals (HNIs) Unit.
He indicated that over 52 training programs were conducted, with every staff member attending at least one session.
The service according to him Strengthened partnerships with the Nigerian Financial Intelligence Unit (NFIU), Federal Inland Revenue Service (FIRS), and the FCT Judiciary to boost compliance.
He also pointed out that new payment gateways and plans for kiosks were created in strategic locations to simplify tax payment.
The Acting Executive Chairman outlined ambitious goals for 2025, to include harmonisation of Revenue Collection by managing revenue collection on behalf of Area Councils to streamline processes and improve transparency.
The introduction of new revenue streams in property and Betting taxes he said will complement existing taxes and align with recent Supreme Court rulings.
The Acting chairman of agency promised to intensify efforts to prosecute tax defaulters while continuing public education on tax compliance.
He promised impproved Working Conditions through provision of laptops to all staff by mid-2025 and addressing of manpower shortages
He reaffirmed the agency’s commitment to transparency, innovation, and collaboration as guiding pillars for 2025.
He called on residents to fulfill their tax obligations to support the FCT’s infrastructural development, driven by the leadership of Minister Wike.
In his concluding remarks, the Acting Executive Chairman emphasized the importance of partnership with the media in maintaining public trust and awareness.
“As we approach 2025, we count on your support to promote accountability and ensure our shared goals for the FCT are achieved. Together, we can drive the transformation of the FCT into a model city,” he stated.
The briefing ended with a commitment to continuous engagement with stakeholders and a promise of more impactful initiatives in the coming year.
FCT
FCT-IRS Partners EFCC to Boost Tax Compliance in Abuja
The Federal Capital Territory Internal Revenue Service (FCT-IRS) is seeking a strategic partnership with the Economic and Financial Crimes Commission (EFCC) to enhance tax compliance and boost revenue generation in the nation’s capital.
During a courtesy visit to EFCC’s Corporate Headquarters, FCT-IRS Acting Executive Chairman, Michael Ango, emphasized the need for collaboration, given the crucial roles both agencies play in financial accountability and governance.
He highlighted that harmonizing revenue collection and administration is a key priority for 2025, ensuring transparency and efficiency in tax collection.
Ango also proposed that the EFCC integrate tax compliance checks into its investigations, noting that many financial crime suspects often evade tax obligations.
“If they escape through one door, we can catch them through another,” he stated, suggesting that tax compliance could be linked to asset forfeitures and financial crime investigations.
In response, EFCC Chairman, Olanipekun Olukoyede, welcomed the proposal and expressed readiness to formalize the partnership through a Memorandum of Understanding (MoU). He acknowledged the impact of effective revenue utilization in the FCT, commending the ongoing infrastructural developments under FCT Minister Nyesom Wike.
The collaboration between FCT-IRS and EFCC is expected to tighten tax enforcement, ensuring that individuals and businesses fulfill their financial obligations, ultimately strengthening the economy of the FCT.
FCT
Court Adjourns Yahaya Bello’s ₦110 Billion Fraud Case Amid Legal Disputes
The trial of former Kogi State Governor Yahaya Bello over alleged ₦110 billion fraud has been adjourned to April 3, April 24, and May 6, 2025, following a contentious court session at the Federal Capital Territory (FCT) High Court on Wednesday.
Justice Maryann Anenih made the ruling after hearing arguments from both the prosecution and defense, with the session dominated by disputes over the availability of key documents and the introduction of a surprise witness.
At the heart of the courtroom drama was a heated exchange between the legal teams.
The lead defence counsel, Joseph Daudu, SAN, accused the prosecution of withholding critical evidence, including the sworn statements of the second defendant.
According to Daudu, the defence was blindsided by the prosecution’s witness, Fabian Nworah, a property developer, whom they had no prior knowledge of. He argued that the prosecution was turning the legal process into a “hide and seek” game, depriving the defense of a fair opportunity to prepare for cross-examination.
Similarly, Abubakar Aliyu, SAN, representing the third defendant, demanded access to forensic reports and digital evidence mentioned in the case filings. He argued that the prosecution’s failure to provide these documents raised concerns about transparency and due process.
However, prosecution counsel Kemi Pinheiro, SAN, dismissed these objections, insisting that all required evidence had been served on the defence as far back as November 27. He accused the defence of employing delay tactics and emphasized that the prosecution was under no obligation to provide every document unless formally requested.
Despite the defence’s objections, the court proceeded with the testimony of Fabian Nworah, Chairman of EFAB Property Nigeria Ltd.
Nworah detailed how his company sold a high-value property at No. 1 Ikogosi Street, Maitama, Abuja, to Shehu Bello for ₦550 million. However, months later, Bello returned the property documents, claiming the EFCC was investigating the transaction and demanding a refund.
EFAB Property initially declined to reimburse the money but later complied after the EFCC directed the company to return the funds to a designated account. The refund was processed in two instalments.
Interestingly, Nworah noted that while he had dealt directly with Shehu Bello, the official name on the transaction documents was Dr. Bello Ohiani, raising further questions about the true ownership and intent behind the purchase.
The trial is expected to resume in April, with the defence likely to continue pressing for access to key documents while the prosecution pushes forward with its case.
The case promises to be one of the most closely watched legal battles in recent Nigerian history.
FCT
Wike Boosts Investor Trust with Landmark Signing of over 1,000 C-of-Os for River Park Estate
In a landmark gesture, Minister of the Federal Capital Territory (FCT), Barrister Nyesom Wike, has approved and signed more than 1,000 Certificates of Occupancy (C-of-Os) for homeowners in the prestigious River Park Estate, Abuja.
The move has been hailed as a game-changer for real estate investment in the nation’s capital.
At a ceremony on Saturday, the estate’s developer, Mr. Paul Odili, handed over the certificates to jubilant homeowners.
He praised the minister’s swift action, describing it as a vote of confidence in Abuja’s real estate sector.
“The Honourable Minister of the FCT has done something unprecedented by signing over a thousand C-of-Os at once,” Odili said. “This gesture will undoubtedly encourage more investment in real estate and strengthen trust among stakeholders.”
Odili emphasized the importance of transparency in the issuance process. “These certificates were entrusted to us by the FCT administration, and it was vital to show that they have been delivered to the rightful beneficiaries. This is not just about houses, it’s about securing people’s investments and dreams,” he noted.
In a significant development, Odili also announced his full acquisition of the estate, previously co-owned by international partners.
Houses for Africa Holdings, led by John Townley-Johnson, and Jonah Capital Limited, founded by Adrian Ogun, have sold their stakes to Odili.
Confirming the transfer, Townley-Johnson said, “We are confident that Mr. Odili’s leadership will take the estate to greater heights.
He has the expertise and vision to deliver on the promises made to homeowners.”
Ogun echoed similar sentiments, highlighting his long-standing partnership with Odili and expressing trust in his ability to maintain high standards in the estate.
For many beneficiaries, the event marked the culmination of years of effort and hope. Engr. Benjamin Ogwuche, President of KRPC Cooperative Society, Kaduna, said, “This is a monumental day for us. Our members now have the peace of mind that comes with legal ownership of over 100 properties here.”
Another recipient, Mr. Daniel Okoebor, expressed his excitement. “Holding this certificate in my hands today means my investment is secure. It’s a validation of my trust in this estate,” he said.
Odili highlighted the broader implications of the minister’s actions, noting that the issuance of the certificates would inspire more confidence in Nigeria’s real estate sector. “This is a strong message to investors that Abuja is open for business, and the FCT administration is committed to creating a conducive environment for growth,” he stated.
The ceremony concluded with optimism, as stakeholders applauded Wike’s leadership and expressed hope that similar initiatives would be extended to other estates across the FCT.
END
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